Solar Panel Cost Guide in Wrightstown, WI (2023 Update)
- Wrightstown Solar Installation Cost: $12,928
- 25-Year Savings: $23,944
- Payback Period: 8.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wrightstown
Let's have a look at the average cost of solar panels in Wrightstown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wrightstown, the typical cost of solar panels is 2.6 per watt. The average Wrightstown homeowner needs a 7.1-kilowatt system, which would cost about $12,922 with the federal tax credit, or $18,478 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Wrightstown homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $20,000 on utility bills over 20 years, many homeowners in Wrightstown find going solar can pay off big.
You can click the button below to get connected with a vetted solar company in Wrightstown that can help you get a more accurate cost estimate for your home.
Solar savings over time in Wrightstown
| Year | Return on Investment |
|---|---|
| 1 years | $-11,711 |
| 3 years | $-9,276 |
| 5 years | $-6,842 |
| 7 years | $-4,408 |
| 9 years | $-1,974 |
| 11 years | $460 |
| 13 years | $2,894 |
| 15 years | $5,328 |
| 17 years | $7,762 |
| 19 years | $10,196 |
| 21 years | $12,630 |
| 23 years | $15,064 |
| 25 years | $17,498 |
Top Solar Installers in Wrightstown
Installing solar panels on your own can be a dangerous project, which is why using a solar installation company is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Wrightstown
Factors that Affect Solar Panel Costs in Wrightstown
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Wrightstown: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,600. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Wrightstown average.
Solar Financing Terms
Many homeowners find the average cost of solar in Wrightstown to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest. Even though solar loans make switching to solar energy more accessible for Wrightstown homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Wrightstown, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.70 | $11,357 | $19,788 | 9.1 years |
| 8 kW | $2.65 | $14,851 | $26,676 | 8.9 years |
| 10 kW | $2.60 | $18,200 | $33,709 | 8.8 years |
| 12 kW | $2.55 | $21,403 | $40,887 | 8.6 years |
| 14 kW | $2.50 | $24,461 | $48,211 | 8.4 years |
| 16 kW | $2.44 | $27,373 | $55,681 | 8.2 years |
| 18 kW | $2.39 | $30,139 | $63,296 | 8.1 years |
| 20 kW | $2.34 | $32,760 | $71,057 | 7.9 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Wrightstown, WI Solar Cost FAQs
What is the average cost of installing solar panels in Wrightstown?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $13,000 for a 5-kW system and $26,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Wrightstown?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wrightstown is currently $197,247, which means you can look forward to a value of about $8,087 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wrightstown is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.